University Finance Societies - a Head Start

Article excerpt

Byline: Clover Hughes

Increasing numbers of students are joining

university finance societies to learn

about banking in detail and improve their

chances of landing a job.Members meet

senior and junior bank employees, discuss

how to prepare for interviews, play

trading games and learn which sectors

and companies seem right for them.

The London School of Economics

(LSE) Finance Society, founded in

October 2002, grew to 800 members in

less than a year and organised more than

30 events for students.

These included a workshop on how to

write a CV and another on understanding

corporate finance, as well as presentations

and lectures to help students deal

with the task of looking for work, and on

what to expect when you start a job in

the financial services industry.

'We teach students about careers in

finance as they can ask us questions that

they would not ask recruiters/professionals.

We facilitate networking between

students and professionals,' says a society

spokesman.

The Oxford University Investment and

Finance Society (OUIFS) also offers a

wide-ranging programme. 'We give students

the opportunity to experience at

first hand aspects of the finance world:

from trading to mergers and acquisitions

and fund management, from the perspective

of different firms,' says Anthony

Lai, an ex-president of OUIFS.

Financial services firms make good

use of the society to contact students

they may want to hire. 'Students can

talk, at length, to experienced professionals,

recent graduates and to one another,

about any topics relating to their possible

role and, more often than not, get straight

answers on work-load, expectations and

opportunities,' says Lai.

'Of course, we

cannot hope to give the same insight that

an internship offers but we can certainly

put our members several steps ahead on

the road to getting one.'

In early 2003 the LSE Finance Society

organised events with Goldman Sachs,

Morgan Stanley, Citigroup, RBS Financial

Markets, Dresdner Kleinwort Wasserstein,

PricewaterhouseCoopers, Ernst & Young,

and others. …